davidscutt

davidscutt Apr 15

Bearish divergence between RSI (14) and price should have GBP/USD traders alert to the risk of a potential partial reversal of the recent bullish move. Those contemplating the setup could look to sell around current levels or slightly higher, with a stop placed above the recent high of 1.3207 for protection. Bids may emerge around 1.3140—the high set last...